July Salary Increases Are Taking Shape: How Much Raise Will Civil Servants and Retirees Receive??
ANKARA – As inflation forecasts for May and June begin to become clearer,, The salary increase rates that millions of civil servants and retirees will receive in July have been largely revealed. If current expectations are realized, percent raise for civil servants 14 approaching the level, The raise for SSK and BaÄŸ-Kur retirees will exceed 18 percent.
Here are the prominent details about the salary increases in July:
6 Monthly Inflation is Expected to Exceed 18 Percent
Official inflation data in the first four months of the year, When market expectations for May and June are added,, 6 monthly cumulative inflation percentage 18,34 It is predicted to reach the level. This cumulative rate, In particular, it will be the main criterion in determining pension increases..
Inflation Difference and Collective Agreement Raise for Civil Servants
In accordance with the decision of the Public Servants Arbitration Board, percent for civil servants and civil servant retirees for the first half of the year 11 An increase was made by. 6 With monthly inflation exceeding this rate, about civil servants An inflation difference of 6.6 percent will be reflected.
With the addition of the 7 percent collective bargaining increase previously determined for the second half of the year to this difference,, Total July raise for civil servants and retired civil servants percentage 14,07 It is calculated at the level.
Higher Increase for SSK and BaÄŸ-Kur Retirees
Salary increases for SSK and BaÄŸ-Kur retirees, directly 6 Calculated based on monthly inflation rate. Because, July salary increase for SSK and BaÄŸ-Kur retirees, who will receive a higher increase compared to civil servants percentage 18,34 It is expected to occur around.
All Eyes on TURKSTAT for the Final Figures All calculations made are based on current market and inflation expectations. The exact raise rates that millions are locked into, Turkish Statistical Institute (TURKSTAT) It will become clear after the official inflation data for May and June will be announced..
